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congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit
't get that scream out of my consciousness. so i applaud speaker pelosi, leader pelosi, soon to be speaker pelosi and i applaud the democrats who are standing here. we must stop future sandy hooks right now. we cannot allow the schools of america to become killing fields. we must act now. i applaud all of those who are involved. >> do you want to speak very briefly? >> we call our caucus america's caucus. because it is diversified and it's unified. we make our appeal today to all americans. and command our leader, caroline, diana, the eloquence of the people who have spoken, my colleague from connecticut said it extraordinarily well. politics be damned here. there is a responsibility that we have as legislators that are unique. what took place in sandy hook and newtown, a quintessential new england community goes beyond horror. the weapon of choice that was used, an assault called a bush master, more than 3 million americans have them. 3 million americans have them. we make appeal to americans, to mothers, to fathers. we make an appeal to members of the press, who are the one
to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and extend long-term unemployment benefits. democrats said have enough votes in the house and senate to pass the president also version of a short-term plan, but it is up to republicans in the house to call a vote. >> in the case of the speaker, i don't refuse to hold a vote per one of the key players, chris van halle, ranking democrat and house budget committee says he understands the public frustration -- hollen, ranking democrat and house budget committee, says he understands the public frustration. today the house speaker said he will not call for any votes until the senate has voted. possible new year's eve a vote on monday. mitch mcconnell went to the senate floor and said his hopeful and optimistic. those are two words we have not heard much of in the past couple of weeks. everyone hoping there will be a deal before janu
to make that happen. that means, who do you need? nancy pelosi and you're going to have to get democrats to get something through the house. and so, i certainly think republicans hurt themselves in their leverage and look at the polling, 51% of americans have a favorable view of democrats, 31% of americans have a favorable view of republicans, and i can't imagine after watching what happened last night that those numbers for republicans have gotten better. i imagine they've gotten worse. i think the last thing i'll say here is for speaker boehner, he is in a very weakened position in terms of, you know, trying to bargain because he couldn't -- the plan "b" was a terrible, terrible deal from the democrats' perspective. had lots of sweeteners that the republicans wanted in terms of cuts. and he couldn't get the votes for it. >> well, for a lot of reason. dan greenhaus, you know what happens? if the fiscal cliff goes to january, the middle class tax cuts won't be extended, right? they end. but if you're a republican in the house, you'll be voting for a tax reduction. in other words, the fir
pelosi and we saw this in 2009 and 2010 is actually fear. they don't fear congressman boehner. they don't fear him at all if they go break their own way and that is one of the reasons why you end up having people who seem to be revolting like congressman huelskamp. >> one other thing that a speaker does not have or even a minority leader anymore is earmarks which were these targeted spending gifts in effect to a house number that could be persuasive. >> right. the carrots and the sticks. >> yes. >> thank you very much. lynn and mark. we'll talk to you later this hour. stick around. we appreciate it. >> thank you. >> coming up, it's election day in egypt and we'll get a live report from cairo and how the constitution has polarized that nation. plus ben affleck on capitol hill for good and what the actor is saying for now and not saying about a possible run for senate. ♪ ♪ ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair c
pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician. as teresa garcia the general died yesterday at his home in tampa from
shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says h
that was actually nancy pelosi's solution which was to raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan "b." it was not successful. hastert had some unkind words saying i don't want to be critical of john, but you don't ever bring something to the floor if you don't have the votes. so congressman, did the speaker miscalculate and do you think he'll be challenged for the speakership when the new congress convenes? >> no, he's not going to be challenged for the speakership. he didn't bring it to the floor. he decided not to bring it to the floor. but he could have brought it to the floor if they had even 30 democrats willing to say i'll do what nancy pelosi said we should do. and that plan "b" would have passed. it would have demonstrated we were willing to put revenue on the table and got the wheels greased a little bit for a negotiation. >> john harwood tweeted this. he said gop house members and colleagues, i blame most of this on a block of about 50 members who have the political judgment god gave a goose. do you t
of the democrats were going to join. >> that's an unreasonable standard. >> he's not negotiating with nancy pelosi. he's negotiating with the president of the united states trying to work this deal out and certainly it's become a discussion with nancy pelosi and it's not, it's a discussion with the president of the united states in term of trying to work this through and where does he have to turn? he has to turn back to the principles in this negotiation and that's what he's done. >> but i believe he could have passed his plan b if he hadn't gone with the $20 million cutoff and he'd moved toward the center and that had been under discussion with a $400,000 cut off or a $500,000 cut off for the tax cuts to go into effect and the tax increases above that figure to go into effect and he didn't try to go into the center and he locked himself into an impossible situation where he couldn't get 218 votes in his own caucus and that was a failure of leadership. >> martin frost, david winston, ten seconds. you have ten seconds to respond. >> i'm sorry, but you're asking him to take the democratic position
of that meeting. reid said that he found the meeting to be constructive as well as did nancy pelosi. speaker boehner seemed to have a slightly different take, basically saying, look, we've already passed legislation in the house to deal with the sequester, to deal with some of these issues so why not revisit what was passed in the house? but the bottom line is the words that are coming out of this meeting, constructive, optimistic. there seems to be a little bit of movement. you always hesitate to say that because, of course, these talks could become derailed at any minute, but president obama set to address the press and the nation hopefully to give us a little bit of a better sense of how that meeting wrapped up. >> kristin, how do we square the sense of optimism and everyone saying that the talks were constructive when they're still stuck on the same points? if this hasn't moved on from $250,000 a year? >> reporter: correct. it's a very good point, and so the question is what can leader reid do, mitch mcconnell do within the next 24 hours to basically put together a compromise package? i
that nancy pelosi had suggested back when it was her idea. and the president just simply dismissed it out of hand. he said raising taxes on only people mdking $1 million or more a year isn't going to cut it. and so i don't really -- i don't see how, given the things that harry read and president obama have dismissed out of hand that speaker boehner brought them. i don't know what speaker boehner could bring to make them budge other than 100% of everything president obama now says he wants. >> one of the others things americans want and when they voted was on the back of their mind is this country needs a balanced budget like all of us have had to reevaluate our budgets. who is committed to that? >> well, i think that a lot of the stalwarts in the house to made the promise of not raising taxes, that where the people are most adamant about the importance of a budget. we're looking at five years now, is that possible? five years in the senate. harry reid has not been able to produce a budget and the budget president obama recommended last year or two years ago when to the democratic senate a
congress called half as many votes as the 110th congress under speaker pelosi. they were able to do more. just bringing things to the floor isn't happening. for boehner, is it he can't lead or structurally part of it is governing for the 1% which is doing nothing. >> there are a number of dynamics. it's not just that he can't control, if you will, this very conservative hyperpartisan arm of his caucus, there are multiple things at play. he's been trying to avoid the type of embarrassment you saw last week. i's not called the do nothing congress for nothing. >> the do nothing congress is embarrassing for john boehner. what about the rest of the people? angela talked about the constituents and how they are responding? how are people reacting to it in the real world? >> you mentioned some of the numbers. i saw polling that showed, obviously, the majority of americans, 68% want this problem solved, but with compromises. within the numbers, 59% of republicans want it solved. they are willing to accept tax increases. in the past, they were not in favor of it. strategically they are boxing them
speaker pelosi had the bill to fund the iraq war. our democratic caucus wasn't in support of that. nonetheless she put a bill on the floor where we had to fund the iraq floor. she did it because it was in the best interest of the american people. at the end of the day speaker boehner who is the speaker of the whole house has to do what is in the best interest and let the will of the house take its call. he has to move forward on this. you can't put the blame on the president. we need to go back to the speaker. >> republican congressman said this of john boehner's leadership today. >> the reason that boehnjohn bo has trouble isn't a lack of leadership, it is because he lets people participate which wasn't the case in the past. >> do you think this is true and what other options does boehner have to reach a compromise with the president? >> i think he is right. whenever you had whether nancy pelosi with his caucus or speaker boehner you have a lot of cats to herd. on these issues you have cats going different ways. the speaker may say one thing publicly and every member of congress
boehner and nancy pelosi. if they can't work this out and we go over the cliff it means smaller pay checks automatic spending cuts and according to some economists possibly another recession. molly henneberg tracking developments tonight at the white house. what are you hearing? >> hi, harris. senate republican leader mitch mcconnell confirmed it and the white house made it official. there will be a hearing here tomorrow according to a white house aide. it will be on the schedule that the president will talk fiscal cliff with those four top congressional leaders that you mentioned, harris. the president returned to washington today. he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever h
that year, harry reid and nancy pelosi gave george bush a stimulus. what happened was two things, al. first of all, barack obama got reelected. and for a variety of reasons, the republicans never game barack obama the kind of cooperation we gave george bush. of course you should disagree. but then in the end, you try to work things out. when george bush came to harry reid, we worked with him to go and to come to an agreement. mitch mcconnell, the republican leader, said my number one agenda item is to defeat barack obama. and then in 2010, people were elected who don't believe in govern nans. who don't understand reality. it's not like we've had it forever. we didn't have it before the partisanship and there was some people so offended by the notion that barack obama could win for a variety of reasons, that they decided to delegitize it. i think you're going to see a gradual relinquishment of this kind of obstructionist death grip they have on the party. >> plet me ask you, you're leaving washington after serving so long and so well. what will you miss about washington? and what will you no
of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the newsroom, keith russell, news4. >>> stay with us. coming up at 50:30, we'll break down the immedi
minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may n
months. all right. thank you, everybody. >> nancy pelosi and a group of house democrats held a news conference promoting bills that would ban assault weapons and high capacity clips as well as other possible changes to gun laws. some of the members either lost a relative to gun violence or were shot themselves. this is almost one hour. >> these actions do not eliminate the need for a ban. that make any gun and assault weapon. he brings to this debate his own personal experience. the tragedy struck the hearts of every american. we have to respond. we can get the job done. it recalibrate the legislation in a way that is affected. we mourn the loss of prestige -- precious children. we of them to do everything in our power to take sensible actions to prevent the violence and insure the safety of a schools and neighborhoods and to build the future for all americans. i'm very pleased to yield two carolyn. >> thank you, leader pelosi for allowing us to come together again after too many types. i can't name everybody. i'll probably miss somebody. we have been here before and we have been he
. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting t
pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a politician, he is pretty -- he is pretty amazing. in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agreed to when
their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down, there seems to be some thinking, especially in boehner land, that we don't want our fingerprints on anything that could lead to some sort of conservative ensue su sure. >> it would be very embarra embarrassing. republicans voting for someone else or abstaining, they would have to probably shut the whole house down, have a whole meeting, drum up the votes. it would be very embarrassing and i think you're also seeing it on the senate side, mitch mcconnell is thinking, senate minority leader, if john boehner doesn't want his fingerprints on something, why do i want my fingerprints on it, i'm up for reelection in 2014. >> the amazing su
me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and burn the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy and later together. host: thank you for the call. so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, quite honestly, that the democrats would like to see continued disruption on the republican side. either way there would be a much-weakened speaker or he would be deposed. host: agree or disagree? guest:
the aisle to leader pelosi and the democrats and say okay, i -- i might have 50 people who disagree with me. but i have 200 people who agree with me. let's come up with a compromise. let's try to get 50 or 100 or 150 democrats. that's what -- that's what our constituents think they are electing us to do, go work in a bipartisan basis. but because of the rules of the house, speaker boehner just keeps saying i'm ignoring the democrats. i'm going to try to put together a plan that will appeal just to republicans. and that's where he's -- that's where he is running into this brick wall. >> all right. thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are flying. with a hello to you. how is it lo
has called majority leader read as well as the house speaker and democratic leader nancy pelosi. watching wall street we have good news with unemployment. the number of americans filing for unemployment dropped. after senator reid made the comment that we would go over the fiscal cliff is starting to slide. >> former president h. w. bush is in intensive care in a houston hospital this morning. he has been hospitalized since last month with what was described as a stubborn fever. pete is on and all liquid diet and has been an the east i see you since sunday. he was hospitalized recently with a broad patterns like cough but now it is the persistent fever. thursday and traffic is nice and light. it is still chilly this morning we are looking for a high of just 52 this afternoon. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as lit
he heard from any democrat, president, senator reid, nancy pelosi, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said the feeling in washington it might actually be better to go over the cliff and come back and negotiate. why? >> yeah. now, this is of course purely political campaign calculation here, tossing aside the nation's fiscal health frankly. for both side i think there is good argument to be made for congressional leaders, democratic leaders and republican leaders in particular, there may be less political risk here actually if we do go over the cliff and figure out a solution very quickly afterwards. if you go back to what happened with plan b, speaker boehn
a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senat
pelosi was speaker of the house, the 110th congress had roll call votes, over 1,000 roll call votes, and with speaker boehner, only 444 roll call votes leading to 219 pieces of legislation. should the american people feel as though you all are simply not doing your jobs? >> the answer to that question is yes, i think that the american people have a right to be skeptical of the work being done in washington. part of that is the political dynamic. i don't know if i would just count the number of votes. we are not commemorating sports teams and honoring, you know, naming the weeks and the days after which ef vegetable we choose for this week, and national tomato month. but that is something that we don't do in this congress so that the number of votes is going to be a lot less, but the productivity is going to be based on doing what is right for the american people, and doing big things and doing things that are going to help the country. i think that the american people are right to look at the output from the legislative standpoint saying that this congress could be doing a lot bette
. he is followed by nancy pelosi and other democratic leaders. >> the house did not take up the tax bill last night because we did not have the votes to pass. it is not the outcome that i wanted. was the will of the house. unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in 10 days. the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house. democrats continued to run washington. what the president has proposed so far simply will not do anything to solve our spending problems. he wants more spending and more tax hikes that will hurt our economy. and he simply will no
that is a benefits cut. they say they will primary any democrats who vote for it. they said if nancy pelosi votes for it, they will not offer for our support if she tries to run for the minority leader of the democrats. host: speaking of the leadership situation, talk to me a little bit about the lead -- allegiances in the house, punching in among the republicans. do the republicans favor the leadership of eric cantor more than the leadership of john boehner and? will this cost john boehner his -- more than the leadership of john boehner? will this cost john brennan his speakership? guest: boehner said the members were not angry with him. they were not showing dissatisfaction with him. one of the other things about that was that standing next to him at the press conference was eric cantor. that was a clear sign that these guys are tied together and eric cantor is not ready to unseat john brennan. there was a lot of symbolism in that press conference. -- ready to unseat john boehner. if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference can
the speaker should bring up the bill like the. it is parents and compromise. leader pelosi did when she was speaker of the house. with a bill that dealt with the iraq war -- these are big, national moments. the full house should be able to work its will, democrats and republicans together. it is important the speaker put the good of the country above republican house caucus politics. >> just one more on this, because we have to go to work. >> characterized the offer is heat and the president traded last week as their bottom line. he has gone as far as he can go. >> are you talking about the next proposal? this is so out of context for me, i do not know. i think we can come to the table, iron out differences. that is how we will find everybody's bottom line. the bottom line is that the american people are working today. where is the congress? why have we not finish this task? we have had a week after week of two-day sessions. no, people are leaving. nobody knows what is going on, in terms of the schedule. we are coming to the end of the line, in terms of this year. we have to get it done
's point, look, democrats have their own up issues internally. nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and, you know, then the president gets to punish republicans. and he also might get more money in a for taxpayers, from taxpayers to expand the government. what about that? >> well i have a really hard time believing anybody, republicans or democrats would win from going over the cliff. talking about potentially putting country in recession, what it would do to the markets. here's the deal. these type of negotiations what we lost a $4 trillion opportunity when boehner and obama were at the table having talks prior to the holiday. what we're loo
. number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't work, the president's going to have egg on his face, right? >> no, not at all. gregg: come on. >> the president has come back with a compromise. the people that have egg on their face are republicans. they've taken intractable positions where as the president has made concessions, boehner cannot show leadership to get anything passed through his congress right now. and, quite frankly, they're being sort of held by the tea party against some extraordinary positions that they have to take at a time when the paradigm has shifted. so i think the country is recognizing that the country -- gregg: looking a
. and the hard place? >> yeah. the hard place is the negotiations. you think about it. reid and pelosi and boehner and obama all trying to come to an agreement? that seems almost impossible, doesn't it, when you know all of them? gregg: how do you close the tax gap? >> yeah. right now you can not do it. so the tax gap, at least in my opinion, would be the deficit. it's over a trillion dollars. if we raise everyone today, that pays the top tax rate, 35%, if we taxed them at 100% on all the money that they currently pay 35% on, and remember, i'm assuming that nobody changes their behavior. they still work just as hard even though they pay 100% tax, we would only raise $360 billion in this coming year. and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of our economy than ever, the only way to pay for it is to put in a europea
, commissioner of warren county, mr. dave young. okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio? >> well, we try to keep it simple. me and two others don't think this government stuff is all that hard. hard is being out of a job and not being able to make your mortgage payment. hard is having a sick child. running a government and living within your means, not hard. so really the folks in washington should try to put aside some of their own petty concerns and say, let's be a statesman. let's step up and try to do what's right for the country. >> eric: how did you do it? did you raise taxes? looks like you have a projected $20 million reserve fund for next year. how? explain how did you it. >> yes. essentially we try -- we're 220,000 person county outside of cincinnati, home of great corporate citizens like procter & gamble and others. we got king's island, western southern tennis tournament is housed in warren county. what we trio do is foster environme
it very difficult to lead. nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta. what are you seeing there? >> reporter: well, joe, it's pretty steady here. it's getting a little bit more crowded as the evening goes on. but i can tell you that some people are heading home after christmas and finding it tough to travel today because of that massive storm barreling through the country. it's wreaking havoc on the roads and in the air. snow, ice and high winds. >> we want to get out. >> it's always scary when you're flying that you'll be stuck in the airport. >> reporter: as massive storm it that left many in the midwest and parts of the south with a white christmas is po
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